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Part 1- Investing in Rental Properties: Maximizing Returns in Nigeria’s Real Estate Market

By Cruxstone,

Overview of Nigeria’s Real Estate Market

Nigeria’s real estate market is one of the most dynamic and promising sectors in Africa. With a rapidly growing urban population, increased foreign investment, and ongoing infrastructure development, the market offers significant opportunities for investors. According to the National Bureau of Statistics, the real estate sector contributed 6.39% to Nigeria’s GDP in the first quarter of 2024>, showing resilience and growth despite economic challenges. Lagos, Abuja, and Port Harcourt remain the hotspots for real estate activities, with Lagos leading as the commercial nerve center.

Importance of Rental Properties in the Investment Portfolio

Rental properties are a critical component of a diversified investment portfolio, offering both steady income and potential for capital appreciation. In Nigeria, the demand for rental properties continues to rise due to urbanization, a growing middle class, and housing shortages. Furthermore, rental properties provide a hedge against inflation, as rents typically increase in response to rising living costs.

Understanding the Market Dynamics

Investing in rental properties requires a thorough understanding of market dynamics. Here are key factors to consider:

  1. Economic Indicators: Monitor economic trends such as GDP growth, inflation rates, and employment statistics. A stable and growing economy supports a healthy real estate market. According to the National Bureau of Statistics, Nigeria’s GDP grew by 2.5% in the first quarter of 2024, indicating a positive economic outlook.
  2. Population Growth: Nigeria’s population is projected to reach 400 million by 2050, with urban areas like Lagos and Abuja experiencing significant influxes. This population growth drives demand for housing, making rental properties a lucrative investment.
  3. Rental Demand: Analyze rental demand in various locations. Lagos, for instance, has a high rental demand due to its status as a commercial hub. The rental yield in Lagos is highly appealing, presenting a prime opportunity for investors seeking to maximize their returns.
  4. Property Types: Understand the types of rental properties in demand. In Lagos, apartments and flats are popular among young professionals and expatriates, while families often prefer standalone houses. Identifying the right property type can significantly impact rental income and occupancy rates.
  5. Government Policies: Stay informed about government policies affecting the real estate sector. Recent policies, such as tax incentives for real estate developers and reforms in property registration processes, can impact investment returns. The Federal Government’s initiative on reducing housing deficits is expected to boost the real estate sector, providing more opportunities for investors.

Identifying Profitable Property Types

Identifying the right property types is crucial for maximizing returns on real estate investments. In Nigeria’s evolving market, certain property types offer higher profitability due to demand, location, and market trends. Here’s how to spot the most lucrative options:

  1. High-Demand Residential Properties: In urban centers like Lagos and Abuja, residential properties are in constant demand. According to Statista, the rental yield for residential properties in Lagos ranges between 5-8% annually. These high-yield areas are often in proximity to business districts, educational institutions, and transport hubs, making them attractive to both tenants and investors.
  2. Luxury Apartments and Penthouses: The demand for luxury living spaces is growing, particularly in affluent areas of Lagos and Abuja. The Nigerian Real Estate Sector Report 2023 highlights a significant increase in interest in high-end apartments and penthouses, driven by expatriates and high-net-worth individuals seeking premium living standards. These properties often command higher rental rates and offer substantial capital appreciation.
  3. Commercial Real Estate: With Nigeria’s economy expanding, commercial properties such as office spaces and retail outlets are increasingly valuable. The National Bureau of Statistics reports a steady growth in demand for commercial real estate, driven by the rise of businesses and international companies setting up operations in major cities.
  4. Mixed-Use Developments: Mixed-use developments that combine residential, commercial, and recreational spaces are becoming more popular. They provide diverse income streams and attract a wide range of tenants. As reported by JLL Nigeria, these developments are highly sought after due to their convenience and comprehensive amenities.
  5. Student Housing: Properties near universities and educational institutions offer high rental yields due to the steady influx of students. According to Universities Data Nigeria, cities with major universities like Lagos, Ibadan, and Abuja have consistent demand for student accommodation, presenting profitable investment opportunities.

Conclusion

Exploring Nigeria’s rental property market uncovers a wealth of opportunities for investors aiming for significant returns and diversified portfolios. A deep understanding of market dynamics, profitable property types, and evolving trends is crucial for making informed investment decisions.

In our next segment, we’ll cover essential strategies for managing rental properties effectively and navigating legal and regulatory considerations to safeguard and maximize your investments.

Stay tuned for more insights and prepare to enhance your investment strategy. For immediate assistance and to discover premium real estate opportunities, contact us at 09070045555 or send us a direct message. Let us help you make the most of Nigeria’s promising real estate market.

Ultimate Guide to Buying Property In Lagos: Tips for First-Time Home Buyers

CategoriesNews and Events

Celebrating Excellence: Cruxstone Unveils “The Pride of Lagos” Fountain

By Cruxstone,

As a prominent figure in the real estate industry, we recently hosted a memorable event to commemorate a significant milestone in our pursuit of excellence. As a prestigious real estate company dedicated to crafting exceptional properties and making positive contributions to the community, we unveiled a breathtaking display of our values and commitment to Corporate Social Responsibility. More than a mere brand showcase, the event symbolized our mission to enhance the cityscape and inspire all who encounter the charm of Lagos.

The highlight of the event was the unveiling of “The Pride of Lagos,” a magnificent addition to the city’s skyline. This stunning fountain exemplifies our values and commitment to corporate social responsibility, serving as a testament to our dedication to enhancing the beauty and allure of Lagos.

READ MORE: TOP 10 REAL ESTATE COMPANIES FOR HIGH-END HOMES IN LAGOS (2024)

Dr. Adetoro Bank-Omotoye, Managing Director of Cruxstone Development & Investment Ltd., shared insights into the inspiration behind the fountain. He emphasized its significance as a symbol of strength, innovation, and success, reflecting our journey of excellence since our inception in 2017. He highlighted the fountain’s ultimate significance as an outpouring of successes, achievements, and the strides we are making, benefiting investors and the community.

The event concluded with sincere appreciation to all attendees for their support and enthusiasm. We remain committed to our journey of excellence, innovation, and sustainability, aspiring to create a brighter and greener future for all.

Distinguished dignitaries who graced the occasion with their esteemed presence include Honourable Toke Benson-Awoyinka, Commissioner for Tourism, Arts, and Culture, Honourable Tokunbo Wahab, Commissioner for Environment and Water Resources, Mr. Idris Aregbe, Special Adviser for Tourism, Arts, and Culture to the Lagos State Government, and Mrs. Adetoun Ibilola Popoola, General Manager of Lagos State Parks and Gardens Agency (LASPARK). Their attendance added prestige and significance to the event, underscoring the importance of our initiatives in the community.

For inquiries and more information, feel free to send us a direct message or call us at 09070045555.

CategoriesArticles

Ultimate Guide to Buying Property In Lagos: Tips for First-Time Home Buyers

By Cruxstone,

Buying a luxury property in Lagos is a dream that many aspire to, but navigating the complex real estate market can be daunting, especially for first-time home buyers. With its vibrant culture, bustling economy, and growing urban development, Lagos offers a plethora of opportunities for luxury real estate investments. This comprehensive guide aims to provide you with valuable insights, tips, and strategies to make your luxury property purchase in Lagos a seamless and rewarding experience.

UNDERSTANDING THE LAGOS LUXURY REAL ESTATE MARKET

Market Trends and Dynamics

Before diving into the market, it’s crucial to understand the current trends and dynamics shaping the luxury real estate landscape in Lagos. Over the past few years, there has been a steady growth in luxury property developments, particularly in prime locations such as Ikoyi, Victoria Island, and Lekki. With increasing demand from both local and international investors, the market remains buoyant with promising returns on investment.

Price Range and Affordability

Luxury properties in Lagos come with a premium price tag, reflecting their exclusive features, prime locations, and high-end amenities. It’s essential to set a realistic budget and explore financing options to determine your affordability. Working with a reputable real estate agent specialized in luxury properties can provide valuable insights into the market and help you find properties that align with your budget and preferences.

KEY CONSIDERATIONS FOR FIRST-TIME HOMEBUYERS

Location, Location, Location

The location plays a pivotal role in the value and desirability of a luxury property. Whether you prefer the serene ambiance of Ikoyi, the vibrant energy of Victoria Island, or the coastal allure of Lekki, choosing the right location is paramount. Consider factors such as proximity to essential amenities, transportation hubs, schools, and recreational facilities to ensure a comfortable and convenient lifestyle.

Property Features and Amenities

Luxury properties in Lagos boast an array of exquisite features and amenities designed to offer unparalleled comfort, convenience, and luxury. From state-of-the-art security systems, infinity pools, and private gyms to panoramic views of the city skyline and waterfront, prioritize the amenities that resonate with your lifestyle and preferences.

Legal Due Diligence

Navigating the legal aspects of buying a property in Lagos requires due diligence and careful scrutiny. Ensure that the property has a valid Certificate of Occupancy (C of O), verify the property title, and consult with legal experts to review all documentation and agreements before making a purchase.

READ MORE: THE BENEFITS OF INVESTING IN A WATERFRONT DEVELOPMENT

TIPS FOR A SMOOTH BUYING PROCESS

Work with a Trusted Real Estate Agent

Partnering with a reputable and experienced real estate agent specializing in luxury properties can streamline the buying process and offer valuable insights and guidance. They can provide personalized property recommendations, negotiate favorable terms, and facilitate a smooth transaction from start to finish.

Schedule Property Inspections

Conducting thorough property inspections is essential to assess the condition, quality, and value of the luxury property. Hire professional inspectors to evaluate the structural integrity, electrical systems, plumbing, and overall condition of the property to avoid potential pitfalls and unforeseen expenses in the future.

In conclusion, buying a luxury property in Lagos is a significant investment that requires careful planning, research, and expert guidance. By understanding the market dynamics, prioritizing key considerations, and following the tips outlined in this guide, first-time homebuyers can make informed decisions and embark on a rewarding journey towards owning their dream luxury property in Lagos.

At Cruxstone, we understand the importance of finding the perfect luxury property that aligns with your lifestyle and investment goals. With our expertise, personalized guidance, and extensive portfolio of luxury properties in prime locations across Lagos, we are here to help you navigate the complexities of the real estate market and make your dream investment a reality.

Whether you’re seeking a serene retreat in Ikoyi, a vibrant urban oasis in Victoria Island, or a coastal haven in Lekki, we offer a diverse range of luxury properties tailored to meet your unique preferences and investment objectives. Trust us to be your partner in your journey towards building wealth through luxury real estate investments in Lagos.

Happy house hunting with Cruxstone!

For more information, please call us at +234 (0) 907 004 5555 or visit our website at www.cruxstone.com.ng

CategoriesArticles

Invest in Women: Accelerate Progress

By Cruxstone,

The United Nations theme for International Women’s Day (IWD) underscores a poignant message for the real estate industry: “Invest in Women: Accelerate Progress.” As we honor the accomplishments of women in this vibrant sector, it becomes clear that investing in their development and empowerment is paramount. Let’s delve into the significance of this theme and explore how it aligns with the transformative potential of the real estate landscape.

THE POWER OF INVESTING IN WOMEN.

Investing in women in real estate isn’t just about fairness; it’s a strategic imperative with tangible economic benefits. Consider the following:

McKinsey Global Institute reports that companies with greater gender diversity on their executive teams experience 21% higher profitability, highlighting the correlation between diversity and financial success.

The National Association of Women Business Owners (NAWBO) estimates that women-owned businesses in the U.S. generated a staggering $1.9 trillion in revenue in 2022, showcasing the significant economic contribution of women entrepreneurs.

A 2020 Credit Suisse report found that companies with strong female leadership outperformed the market by 2.34% per year over the past six years, underscoring the positive impact of gender-balanced leadership on investment returns.

INVESTING IN WOMEN: TAKING ACTIONABLE STEPS

To truly harness the potential of women in real estate, actionable steps must be taken:

  1. Mentorship and sponsorship programs: Pairing experienced professionals with aspiring women provides invaluable guidance and support, paving the way for career advancement and success.
  2. Targeted funding and resources: Initiatives like the National Women in Real Estate (NWIRE) scholarships and grants help address the funding gap faced by women-owned businesses, empowering them to thrive in a competitive industry.
  3. Promoting diversity and inclusion: Companies can actively recruit and retain women, fostering a culture that values diverse perspectives and experiences, ultimately driving innovation and creativity.
  4. Empowerment programs: Organizations like Real Estate InvestHER offer training and development opportunities, equipping women with the skills and knowledge needed to excel in the real estate sector.

READ MORE: TOP 10 REAL ESTATE COMPANIES FOR HIGH-END HOMES IN LAGOS (2024)

ACCELERATING PROGRESS FOR A BRIGHTER FUTURE

By investing in women in real estate, we can achieve the following:

  1. Unlock the full potential of the industry: Embracing gender diversity leads to greater innovation and problem-solving, propelling the real estate sector to new heights of success.
  2. Create a more equitable future: Gender equality in real estate contributes to broader societal progress and economic growth, creating opportunities for all members of society to thrive.
  3. Build a stronger and more resilient industry: By embracing diversity and inclusion, the real estate sector can better understand and cater to the needs of a diverse population, ensuring long-term sustainability and resilience.

As we reflect on the significance of International Women’s Day and the theme “Invest in Women: Accelerate Progress,” we stand firmly committed to championing gender equality and empowering women in the real estate industry. By embracing diversity, fostering inclusion, and providing opportunities for women to thrive, we not only drive business success but also contribute to a more equitable and prosperous future for all.

Let us continue to take bold strides forward, recognizing the invaluable contributions of women and ensuring their voices are heard and respected in every aspect of our industry.

Together, let’s build a world where every woman has the opportunity to excel and where progress knows no bounds. Happy International Women’s Day!

For more information, please call us at +234 (0) 907 004 5555 or visit our website at www.cruxstone.com.ng

CategoriesArticles

Top 10 Real Estate Companies for High-End Homes in Lagos (2024)

By Cruxstone,

Forget the search party, we’ve got the treasure map! Lagos’s real estate scene is booming, and for those seeking a life of exquisite living, navigating the options can feel overwhelming.

But fret no more, discerning reader, for we’re here to unveil the top companies crafting Lagos’s most coveted high-end havens.

Gone are the days of settling for “just good enough.” The discerning investors crave luxury reimagined, and these companies are answering the call. From architectural masterpieces that redefine the city skyline to impeccably crafted sanctuaries offering unparalleled comfort, these companies are revolutionizing the Lagos luxury landscape. So, buckle up and prepare to be dazzled as we embark on a journey through the Top 10 Real Estate Companies for High-End Homes in Lagos (2024), each offering a unique vision of luxury living.

Cruxstone Development and Investment Limited

Cruxstone Development and Investment Limited stands as a beacon of innovation and excellence in Nigeria’s real estate industry. Established in 2017, Cruxstone has swiftly emerged as one of the fastest-growing high-end real estate companies in the country, with a track record of delivering prestigious properties including The Iconic Towers, Nautica Rise, Autograph Plus and the ultra-modern luxury living,G2. These properties redefine luxury living.

At the core of Cruxstone’s philosophy is a commitment to identifying and developing real estate opportunities in prime locations with significant growth potential and high resale value. Led by a team with over 30 years of combined management experience in real estate development and investment, the company prides itself on its ability to create blue-chip investment opportunities for discerning investors.

What sets Cruxstone apart is its dedication to innovation and forward-thinking design. The company continually seeks out new markets and opportunities, leveraging its entrepreneurial expertise and strategic approach to create value for its clients. Whether it’s pioneering architectural designs or implementing sustainable building practices, Cruxstone is at the forefront of shaping the future of real estate in Nigeria.

Beyond development, Cruxstone is committed to providing unparalleled customer service and support. The company’s team of professionals works tirelessly to ensure that every client’s needs are met and that their investment goals are realized.

As Cruxstone continues to expand its presence and influence in the real estate market, it remains steadfast in its mission to redefine luxury living and create enduring value for its clients. With a focus on integrity, excellence, and innovation, Cruxstone is poised to lead the way in Nigeria’s ever-evolving real estate landscape.

Palton Morgan Holdings

Palton Morgan Holdings is a top real estate conglomerate in Nigeria, encompassing renowned brands like Grenadines Homes, PropertyMart, PM Capital, Mitcherutti, and Paltonloitte. Established in 2014, the company has revolutionized the real estate sector with its extensive portfolio of luxurious properties. Palton Morgan is known for creating master-planned communities and world-standard lifestyles, evident in prestigious projects such as The Rockhampton, L5 Banana Skyvilla, and Paramount Twin Tower. With a commitment to excellence and integrity, Palton Morgan has emerged as the foremost property development company in Nigeria by market capitalization.

Eko Atlantic

Eko Atlantic is a groundbreaking coastal city development situated on Victoria Island, Lagos, Nigeria. Spanning 10 million square meters of reclaimed land, Eko Atlantic represents a visionary project that has rapidly transformed from concept to reality. Equipped with state-of-the-art infrastructure and amenities, the city offers unparalleled investment opportunities and serves as a gateway to the emerging markets of the continent. With its visionary design and strategic partnerships, Eko Atlantic showcases Nigeria’s potential on the global stage.

READ MORE: NO GREE FOR ANYBODY: A RESOLUTE CALL TO ELEVATE YOUR REAL ESTATE INVESTMENT GAME THIS 2024.

Sujimoto Construction Limited

Sujimoto Construction Limited stands as a beacon of luxury in Nigeria’s real estate landscape. With a focus on premium neighborhoods like Ikoyi and Banana Island, the company has carved a niche for itself in redefining luxury living. Led by a team of indigenous and international professionals, Sujimoto constructs world-class buildings that embody sophistication and elegance. The iconic Lucrezia by Sujimoto, the tallest residential building on Banana Island, serves as a testament to their commitment to excellence. Apart from real estate development, Sujimoto also offers a range of investment services, including facility management, infrastructure construction, and interior decoration, catering to homeowners and investors alike.

Landmark Africa

Landmark Africa is a premier real estate and property development company with a diverse portfolio spanning over 130,000 square meters of mixed-use office, leisure, and residential space. Since its establishment in 1997, Landmark Africa has been at the forefront of providing top-tier serviced offices, real estate development, and market research services to a wide array of clients, including multinational corporations. With a focus on the entire real estate development life cycle, Landmark Africa is synonymous with luxury and comfort, exemplified by iconic projects like Landmark Beach, Landmark Boulevard, and Landmark Hotel Apartments.

Brains and Hammers

Established in 2006, Brains and Hammers has become synonymous with luxury and comfort in Nigeria’s real estate industry. Specializing in high-end infrastructures, the company delivers unparalleled experiences for its esteemed clients through innovative designs and top-notch quality. With a dedicated team of professionals, Brains and Hammers continues to set new standards in the industry, offering a range of services from property development to investment solutions. The CoopEast Project, inaugurated in 2022, exemplifies their commitment to excellence, catering specifically to oil and gas companies. Beyond development, the company provides investors with attractive annual interest rates and buy-to-rent options, ensuring maximum returns on investments.

Mixta Africa

Mixta Africa, a subsidiary of the ARM Company, has established itself as a leading real estate firm across the continent. With operations in multiple African countries, including Nigeria, Senegal, and Morocco, Mixta Africa has developed over 16,500 residential and retail units. Their projects, such as the prestigious Lakowe Lakes Golf and Country Estate, are renowned for their luxury and world-class standards. Mixta Africa’s commitment to bridging the gap across all social classes is evident in their initiatives, providing luxurious living options for both high and average-income individuals. Their communities, like Lakowe Lakes Golf and Country Estate, Beechwood Estate, and Advia Plainfields, offer residents a lifestyle of sophistication and comfort, making Mixta Africa a leader in luxurious real estate development.

UPDC Plc

UPDC Plc, short for UACN Property Development Company Plc, is a prominent real estate development company in Nigeria. With a rich history dating back to its establishment in 1997, UPDC has played a significant role in shaping the real estate landscape in the country. The company is a subsidiary of UAC of Nigeria PLC, a diversified conglomerate with interests in various sectors of the economy. UPDC focuses on developing high-quality residential, commercial, and mixed-use properties across Nigeria, with a reputation for excellence and innovation. Through strategic partnerships and collaborations, UPDC has successfully delivered numerous landmark projects, contributing to the growth and development of urban centers in the country.

The Autograph Plus: Cruxstone’s Timeless Edifice in Victoria Island

Cappa and D’Alberto Ltd

Cappa and D’Alberto Ltd is a renowned construction and civil engineering company with a long-standing presence in Nigeria. Established over 80 years ago, the company has earned a reputation for delivering high-quality construction projects across various sectors, including real estate, infrastructure, and industrial facilities. Cappa and D’Alberto Ltd are known for their expertise in executing complex construction projects, leveraging advanced technologies and best practices to ensure timely completion and superior quality. With a diverse portfolio of successful projects spanning residential, commercial, and institutional developments, the company continues to be a trusted partner for clients seeking reliable and efficient construction solutions.

Novare Real Estate

Novare Real Estate stands as a leading investment solutions provider, with a strong presence across Africa. With a focus on luxurious real estate, the company has invested significantly in Nigeria since its inception in 2012. Notable among its projects is the Novare Lekki Mall, one of the largest retail malls in Nigeria. Committed to providing high-quality retail and commercial properties, Novare Real Estate has earned a reputation for excellence and customer service. Their diverse range of solutions, including Real Estate Funds and Impact Investing Funds, caters to the varied needs of investors, making them a top choice in the luxury real estate development sector.

In conclusion, the Nigerian real estate market is experiencing a renaissance, with a plethora of top-tier companies reshaping the landscape of luxury living in the country. From established giants to up-and-coming powerhouses, each developer brings a unique blend of vision, expertise, and innovation to the table. Whether it’s creating iconic landmarks, pioneering sustainable design practices, or delivering unparalleled customer service, these companies are setting new standards of excellence in the industry.

For more information, please call us at +234 (0) 907 004 5555 or visit our website at www.cruxstone.com.ng

CategoriesNews and Events

Cruxstone received the prestigious Iconic Real Estate Developer of the Year award

By Cruxstone,

Cruxstone received the prestigious ‘Iconic Real Estate Developer of the Year’ award at the Africa Advancement Forum on October 15, 2023, recognizing our commitment to excellence. This significant accolade stands as a testament to our relentless commitment to reshaping the landscape of real estate. We owe this success to the unwavering support and trust of our valued community.

The Africa Advancement Forum serves as a distinguished platform dedicated to fostering and promoting dialogues surrounding public-private partnerships that aim to enhance Africa’s economic prosperity. This remarkable event took place on the 15th of October at the illustrious Eko Hotel and Suites in Lagos, Nigeria.

Under the overarching theme of “Africa Unleashed: Shaping a New Trade Paradigm,” this year’s forum sought to catalyze Africa’s journey towards unprecedented economic development, achieved through groundbreaking trade strategies and fruitful collaborations. The Africa Advancement Forum, through its endeavors, has played a pivotal role in nurturing constructive discussions and steering positive transformations in Africa’s economic landscape.

Cruxstone received the prestigious 'Iconic Real Estate Developer of the Year' award at the Africa Advancement Forum 

At Cruxstone, we are honored and humbled by this recognition, which reinforces our commitment to excellence in the real estate sector. We extend our gratitude to our valued clients, partners, and the entire team for their continued trust and support.

This award serves as a beacon, guiding us to continually strive for innovation, integrity, and excellence in every aspect of our work. We remain dedicated to delivering top-tier real estate solutions that not only meet but exceed the highest standards, setting new benchmarks in the industry.

As we move forward, we are more resolute than ever in our mission to create exceptional living spaces and investment opportunities that make a significant impact on the real estate landscape. We believe that through innovation, collaboration, and unwavering commitment, we can be a driving force in the transformation and progress of Africa’s real estate industry.

READ MORE: Cruxstone Development & Investment Ltd. Honors Vice President, Yemi Osinbajo With Sterling Leadership Award

The “Iconic Real Estate Developer of the Year” award is a testament to what can be achieved when passion, dedication, and vision converge. It represents a milestone on our journey, but it is by no means the final destination. We are excited about the possibilities that lie ahead and look forward to sharing this exciting journey with you, our valued supporters.

Once again, thank you for your trust, and we are thrilled to have you by our side as we continue to redefine the standards of real estate and contribute to Africa’s advancement.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with a proven track record of developing high-end and profitable real estate developments. Invest with us today and get on the path to a better financial future. For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 or visit our website at www.cruxstone.com.ng.

CategoriesNews and Events

Cruxstone Development and Investment Ltd. Honors Vice President, Yemi Osinbajo with Sterling Leadership Award

By Cruxstone,
L-R: Cruxstone CEO, Dr. Adetoro Bank-Omotoye and Vice President of FRN, Professor Oluyemi Osinbajo
L-R: Cruxstone CEO, Dr. Adetoro Bank-Omotoye, and Vice President of FRN, Professor Oluyemi Osinbajo

The award celebrates Osinbajo’s exemplary leadership in Nigeria’s economic management, social intervention, digital transformation, and justice reforms.

His Excellency, Professor Yemi Osinbajo, SAN, GCON, Vice President of the Federal Republic of Nigeria, was presented the prestigious Sterling Leadership Award by Dr. Adetoro Bank-Omotoye, CEO of Cruxstone Development and Investment Limited in partnership with the Nigerian Achievers Award Institute.

This prestigious accolade celebrates Vice President Osinbajo’s exemplary leadership in various sectors of governance, including economic management, social intervention, digital transformation, security, and justice reform. The award highlights his dedication to improving the lives and livelihoods of millions of Nigerians, his commitment to national unity and dialogue, his embodiment of integrity and excellence, and his significant contributions to the “Ease of Doing” business in Nigeria.

Vice President, Yemi Osinbajo has consistently demonstrated innovative leadership skills across multiple domains, cementing his reputation as a visionary statesman. His expertise in economic management has been instrumental in steering Nigeria’s growth and development. Through his tireless efforts, he has championed initiatives that have positively impacted the nation’s economy, including the implementation of the National Social Investment Program, the Economic Sustainability Plan, and the Niger Delta New Vision. These initiatives have uplifted the lives of countless Nigerians, particularly the underprivileged, and have paved the way for a brighter future.

“At Cruxstone, we share the same vision and values as Vice President Osinbajo. It is only by harnessing the power of leadership and collaboration that we can create a better future for our country.””— Dr. Adetoro Bank-Omotoye.

Dr. Adetoro Bank-Omotoye, the company’s CEO, remarked that “We are honored to present the Sterling Leadership Award to Vice President, Yemi Osinbajo, who is a true embodiment of excellence, integrity and service. He has shown remarkable leadership and dedication in steering Nigeria towards a more prosperous, sustainable and inclusive future. He is an inspiration to millions of Nigerians and Africans who aspire to make a positive difference in their communities and the world.”

Dr. Adetoro added: “At Cruxstone, we share the same vision and values as Vice President Osinbajo. We are committed to providing innovative solutions that address the real estate challenges and opportunities in Nigeria and Africa. We believe that by harnessing the power of leadership, creativity and collaboration, we can create a better future for ourselves and generations to come.”

Cruxstone Development and Investment Ltd. acknowledges Vice President Osinbajo’s pivotal role in driving the ‘Ease of Doing Business’ reforms in Nigeria. His relentless efforts to create a conducive business environment have streamlined processes and reduced bureaucratic hurdles, making it easier for entrepreneurs and businesses to thrive. This has attracted both local and international investors, bolstering economic growth and creating employment opportunities for Nigerians.

L-R: Prince Afolabi Andu, CEO of Nigerian Global Business Forum, Vice President of FRN, Professor Oluyemi Osinbajo, and Cruxstone CEO, Dr. Adetoro Bank-Omotoye
L-R: Prince Afolabi Andu, CEO of Nigerian Global Business Forum, Vice President of FRN, Professor Oluyemi Osinbajo, and Cruxstone CEO, Dr. Adetoro Bank-Omotoye

The Sterling Leadership Award recognizes Vice President Yemi Osinbajo’s remarkable contributions to Nigeria’s progress and his exceptional leadership in diverse fields. It serves as a testament to his unwavering commitment to advancing the nation, uplifting the lives of the less privileged, and promoting unity and dialogue. Cruxstone Development and Investment Ltd. proudly honors Vice President Osinbajo for his remarkable achievements, and we remain steadfast in our support of his vision for a prosperous and united Nigeria.

The award presentation, which took place at Aso Rock Villa, was witnessed by Ade Ipaye, Deputy Chief of Staff to the Vice President, Tunde Osibamowo, Senior Special Adviser to the President, Head, Presidential Delivery Unit and Gbolade Okenla, the Resident Pastor at City of David, Lagos.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with a proven track record of developing high-end and profitable real estate developments. Invest with us today and get on the path to a better financial future. For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 or visit our website on www.cruxstone.com.ng.

CategoriesArticles

7 STEPS TO BUYING YOUR FIRST RENTAL PROPERTY

By Cruxstone,

If you’re new to the world of real estate investing, or are just getting started, you may not know where to start. Buying a rental property can be complex and overwhelming, but it doesn’t have to be. It all starts with choosing the right investment property in the right neighborhood. In this article, we’ll cover 10 steps that will help get you on your way to buying your first rental property.

 DO YOUR RESEARCH

The first step in buying rental property is to do your research on the market where you want to buy. Investing in real estate is all about location, location, location! You need to find a place that has good potential value, but also has a high demand for tenants who will pay rent on time and keep your property clean. You also want to make sure that there isn’t too much competition for tenants, so that you have an advantage over other investors who want to flip houses quickly for profits instead of renting them out long-term.

DETERMINE YOUR GOALS

First things first: determine what your goals are with buying a rental property. Are you looking for long-term cash flow? Do you want to build wealth? Or maybe it’s just about being able to afford to live in an area where housing prices are rising steadily? Whatever it is that motivates you, set some realistic expectations so that when all is said and done, everything feels right with your purchase decision.

GET ADVICE FROM OTHER LANDLORDS

The next step in your real estate investment journey is to speak to other landlords. Talking to a mentor who is investing in the same area (and types of homes) that you are interested in can make all of the difference in the world. When you speak with your mentors / other landlords, it is important that you keep their “investment bias” in mind.

SAVE FOR THE DOWN PAYMENT

As you begin to explore the possibility of buying your first rental property, it’s important to keep in mind how much money to save for a down payment. Ideally, you’ll want to have a 20 – 30 percent down payment saved before: a) looking for an investment opportunity, or b) apply for pre-approval. The following five tips can help you save for a down payment in a timely fashion:

  1. Pay off any debt that you currently have.
  2. Set up an automatic savings deposit.
  3. Lower your rent.
  4. Drastically reduce unnecessary living expenses.
  5. Take on a second job.

KNOW YOUR RENTAL PROPERTY EXPENSES

While every rental property is different, all have one thing in common … expenses. With this in mind, before you purchase a rental property, it is important that you know all about the potential monthly, and unexpected, expenses that the property will experience.

DO YOUR OWN DUE DILIGENCE

From looking at schools to understanding the own to rent ratio, there are a number of steps you can take to complete your own due diligence. It’s worth noting that the factors used in the previous step will help identify strong real estate markets. Now, as part of your due diligence, it will be your job to look into the actual neighborhoods within these markets. Ask the following types of questions to guide your research efforts.

  • Is the rental property within a good school district?
  • Are their local attributes within walking distance?
  • Speaking of walking, what would the property’s walk score be?
  • How many rental properties are in the area?
  • Is the crime rate low?
  • What is the average household income for the neighborhood?
  • What are the demographics for the neighborhood, and do they align with your identified rental demographics for the local market?

INVEST WITH A RELIABLE PROPERTY COMPANY

Starting a real estate business can sound overwhelming, but by following the above, becoming a profitable property owner will be easier than you’d think when you invest with the right company. Be sure to define your goals, review your finances and watch your business flourish. With the right company, your rental has the potential to help you achieve your goals and become financially free.

Ready to get started with investing in Real Estate? Or looking to expand your Real Estate investment portfolio, Cruxstone Development and Investment Limited is your most reliable partner.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with proven track record to developing high-end and profitable real estate developments.

Invest with us today and get on the path to a better financial future.

For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 / +234 (0) 907 333 5555 or visit our website on www.cruxstone.com.ng

CategoriesArticles

5 REASONS WHY YOU SHOULD INVEST IN PROPERTY AT VICTORIA ISLAND

By Cruxstone,

Victoria Island is a prime location for investment. The island is located in the middle of the city, which makes it an ideal place to live, work and play. The island has a lot of business opportunities, mainly due to its central location and strategic location along major roads. There are many reasons why investing in property in Victoria Island Lagos is the best decision you can make. From the increasing population to the increasing number of businesses, construction is booming, and so are property prices.

 

Here are some reasons why you should invest in property in Victoria Island Lagos.

-A lucrative investment.

-Capital Appreciation.

-It’s the place to be.

-Attractive location and lifestyle.

 

A lucrative investment.

With yearly returns totalling up to 10%, investing in Victoria Island is a wise long-term decision. Not only will your property grow in value as the years go on, but you can also monetize it by renting it out for others to use. If you have purchased an investment property for $1 million and it has appreciated by 10%, then your capital gain is $100,000.

 

Capital Appreciation.

The property market on Victoria Island is booming as it has become one of the most sought after locations within Lagos State. With a population of over three million residents, you can expect to find all types of property ranging from residential to commercial properties on this island.

The capital appreciation rate for Victoria Island is about 10% per annum which makes it very attractive to investors looking for high returns with minimum risks.

 

New Projects and developments

This area of Lagos is becoming increasingly popular with new construction projects on the way. This location has an excellent infrastructure, including its own power and water supply, roads, schools, hospitals and a number of other facilities.  These new projects are set to increase the number of homes available in the area, giving property prices an increase. As a result of this increased supply, property prices will only continue to rise as time goes on.

 

 

It’s the place to be

 

Victoria Island Lagos is one of the fastest growing cities in Nigeria. This means that there is a lot of future growth potential and it’s also a hotspot for investment opportunities. If you want to be part of this exciting and dynamic city then investing in property at Victoria Island is definitely one way to get started!

 

Attractive Location and Lifestyle

 

Victoria Island is a city where the opulence lifestyle is shown. People live in luxury apartments, and rent is on the high side. As a result, people are constantly attracted by such a lifestyle.

This means that the unsurpassed quality of life here is a huge incentive for people to stay. Thus, increasing employee retention. Shorter commutes and a modern transit system make getting to work better and faster. After work and on weekends, the energetic local cultural scene, recreational opportunities and amusement park keep everyone alive and fit.

 

Are you interested in investing in a high-yield luxury real estate that will boost your investment portfolio and guarantee you a minimum 10% Return On Investment? Look no further!

The Autograph Plus offers its investors the opportunity to own hotel apartment units managed by a reputable hospitality brand and earn appreciable income upon operation. Operating as a hospitality enterprise, The Autograph Plus is a collection of luxury suites, apartments and lofts, located at a Adeola Hopewell Street, Victoria Island, Lagos, Nigeria.

To know more about this timeless luxury real estate investment opportunity, please call +234 (0) 907 004 5555 / +234 (0) 907 333 5555 or visit www.theautographplus.com

 

 

CategoriesArticles

5 BENEFITS OF INVESTING IN LUXURY REAL ESTATE

By Cruxstone,

Investing in luxury apartments has become a popular choice among investors in recent years. The rise in the number of real estate investors has created a whole new segment of the market – “luxury homes”. The benefits of investing in luxury real estate have made this segment especially attractive.

As the demand for rentals continues to increase, more investors are looking at luxury homes as a way to capitalize on strong rental returns.

WHAT IS LUXURY REAL ESTATE?

Luxury real estate is generally characterised by elegance, style, and class. it enables their owners to live an elevated lifestyle and provides increased prestige, comfort, security, privacy, and peace of mind.

Many factors come into play when evaluating luxury homes. The location has a significant effect on the overall value of a home, but luxurious homes also feature exquisite interior designs, amenities, and technological features.

Unlike conventional houses, which provide occupants with the necessities of everyday life; luxury homes provide an array of specialized features including exquisite architecture, opulent home offices, smart home technology, a home gym, and an entertainment lounge such as a game room, cinema, bar etc.

Benefits of Investing In Luxury Real Estate

Return On Investment

Luxury real estate is a profitable asset due to its consistent track record of gaining value, as well as the potential significant returns in the future. The market is always on the rise and keeps on gaining value, even in times of economic recession. Luxury real estate is ideal for investors because of the recent rise in demand for such property.

Location and Status

Prime locations such as Victoria Island, Lagos offer residents access to many important facilities including hospitals, parks, gyms, schools and more. These are positioned within a ten-minute drive from the luxury home, so residents can save valuable time by not having to travel too far for the activities they need. Moreover, these prime locations enhance one’s status in society and add prestige.

Low Maintenance Cost

Due to the high quality of construction, luxury properties have very low maintenance costs and can be easily rented out. Luxury property investors strive for a high return on their investment, which means low-risk properties with low rehabilitation costs.

Smart Homes Features

Many luxury homes are equipped with smart features such as security systems that can be operated via smartphone, motion-sensing lighting, curtains that open or close with light levels, touch-screen thermostats, and more.

Security

Luxury properties are known to attract high-net-worth individuals, who want a sense of security in the places where they live and work. The increased desirability of these locations makes them ideal for investors who want a highly profitable investment opportunity.

Conclusion

Luxury real estate investing has brought a lot of benefits to investors. Properties in a prime locations like Victoria Island, Lagos, and Nigeria, will continue to experience capital appreciation and High Return On Investment. The influx of more high-paying jobs and businesses will always lead to an increase in demand for office spaces, retail outlets, and homes.

Are you interested in investing in a high-yield luxury real estate that will boost your investment portfolio and guarantee you a minimum 10% Return On Investment? Look no further!

The Autograph Plus offers its investors the opportunity to own hotel apartment units managed by a reputable hospitality brand and earn appreciable income upon operation. Operating as a hospitality enterprise, The Autograph Plus is a collection of luxury suites, apartments and lofts, located at a Adeola Hopewell Street, Victoria Island, Lagos, Nigeria.

To know more about this timeless luxury real estate investment opportunity, please call +234 (0) 907 004 5555 / +234 (0) 907 333 5555 or visit www.theautographplus.com

Get in touch

phone

+234 907 004 5555
+234 907 004 2222
Plot 8, Block A9, Wole Olateju Crescent, Off Admiralty Way Eti-Osa, Lekki Phase 1

email

info@cruxstone.com.ng

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